市场回暖与策略应对：把握比特币机会与折价建仓｜每周市场洞察回顾

Odaily星球日报Published on 2024-10-18Last updated on 2024-10-18

Abstract

BTC和ETH 市场回暖，如何通过累购期权低价建仓并应对波动？

10 月 15 日晚 8 点，矩阵之门（Matrixport ）官方 YouTube 频道直播中，Matrixport 资产管理主管 Daniel 对上周（10 月 10 日-10 月 14 日）的 BTC 和 ETH 市场表现进行了深入分析，讨论了全球政治环境对加密市场的影响，以及累购期权工具的实际操作。Daniel 详细解析了市场回暖的原因，特别是 BTC ETF 期权的推出及全球经济和政治事件的影响，并为投资者提供了多种应对市场波动的策略。同时，他介绍了累购期权工具，帮助投资者在市场震荡期间以折扣价逐步建仓。

直播内容如下

10 月 15 日晚 8 点，矩阵之门（Matrixport ）官方 YouTube 频道直播中，Matrixport 资产管理主管 Daniel 对上周（10 月 10 日-10 月 14 日）的 BTC 和 ETH 市场表现进行了深入分析，讨论了全球政治环境对加密市场的影响，以及累购期权工具的实际操作。Daniel 详细解析了市场回暖的原因，特别是 BTC ETF 期权的推出及全球经济和政治事件的影响，并为投资者提供了多种应对市场波动的策略。同时，他介绍了累购期权工具，帮助投资者在市场震荡期间以折扣价逐步建仓。

市场波动原因分析

市场回暖现象

近期，BTC 和 ETH 等加密货币显著反弹，主要原因包括中国经济刺激政策和全球经济环境改善。特别是在过去的一周中，BTC 价格由之前的低点 5.8 万美元至 5.9 万美元迅速反弹，本周涨幅达到 5% -6% ，当前价格接近历史高位。

区间震荡与市场共识

从今年 4 月开始，市场处于区间震荡状态，但 BTC 的价格没有跌破下限，显示出投资者对市场的强烈共识。然而，市场进一步上涨仍需外部资金支持，当前资金体量不足以维持长期单边上涨。

政策推动

中国推出的新财政政策对市场的回暖起到了重要作用。A 股市场虽然反弹动力不足，但加密市场受到部分资金回流的推动，美股的上涨进一步增强了对风险资产的需求。BTC 的避险属性作为“数字黄金”得到了进一步强化，成为市场关注的焦点。

全球政治影响

美国总统大选和全球政治事件增加了市场的不确定性， 11 月期权的隐含波动率显著上升。加密货币市场的去中心化和 24 小时不间断交易使其成为投资者规避全球风险的重要工具。投资者利用 BTC 等加密资产对冲政治风险，尤其是在大选期间，BTC 的避险价值进一步凸显。

当前背景下期权市场与机构行为

BTC ETF 期权推出预期的影响

随着 9 月份美国证券交易委员会批准 BTC ETF 期权上市和交易，虽然上市时间待定，但 BTC ETF 期权的推出预期是推动近期价格上涨的重要因素。可以预计，ETF 的流动性增加，将吸引了更多的机构投资者进入市场。期权市场的扩展为投资者提供了更多的对冲工具和风险管理策略，进一步增强了市场的信心。

市场波动性降低

同时，ETF 期权产品的推出预计将降低 BTC 市场的波动性。传统金融市场的经验表明，期权产品通常会使市场波动趋于平稳。机构投资者采取高抛低吸策略，而不是杠杆交易，随着 ETF 期权的推出，市场的流动性和稳定性将进一步增强，吸引长期资金入市。

全球流动性增强

在期权市场的推动下，全球 BTC 交易的流动性显著增加，尤其是与传统金融体系关联较弱的 BTC，受益于全球流动性扩张。资金流入 BTC 等加密货币的现象表明，投资者日益倾向于将加密货币作为避险工具，市场的稳定性得以增强。

可关注的投资方向

ETH 市场长期潜力依然乐观

尽管短期内有价格波动，ETH 的长期前景仍被广泛看好。ETH 作为去中心化应用（DeFi）和金融创新的重要基础设施，其 Layer 2 扩展技术和去中心化金融应用的前景受到广泛关注。很多投资者在市场低点大量买入并将其用于质押，显示出对其长期潜力的信心。

BTC 与 ETH 的定价逻辑差异提供差异化投资机遇

BTC 和 ETH 的定价逻辑不同：BTC 更多依赖其稀缺性和与全球货币政策的紧密联系，类似于数字黄金；而 ETH 的价值则依赖其链上活跃用户数和应用生态，类似于铜或原油。因此，两者虽然同属加密资产，但其市场表现和投资逻辑有所不同。投资者应根据不同资产的特性进行投资策略选择。

累购期权工具与折价建仓策略

累购期权工具（Accumulator Option, AQ）是当前市场环境下的一个有力投资工具。该工具允许投资者以折扣价定期购买 BTC 等加密资产，尤其是在市场震荡或价格下跌时，投资者可以通过设定执行价，以较低价格逐步建仓。

累购期权产品的典型操作包括每周或每月定期购买 1-3 个 BTC，若现货价格低于执行价（通常为现货价格的 76% -89% ），投资者可以以折扣价购买更多资产。如果市场价格超过敲出价，产品提前终止，投资者通过累积的低价持仓获利。

通过累购期权工具，投资者可以在 BTC 和 ETH 等加密资产的市场波动中灵活应对，抓住折价建仓的机会，从而在市场回暖时获得稳定收益。

总结

此次会议围绕 BTC 和 ETH 的市场波动原因、期权市场扩展对市场稳定性的影响，以及当前市场环境下的投资机会进行了深入探讨。会议指出，中国的财政政策与美国大选等全球政治事件是近期市场波动的主要原因，BTC ETF 期权的推出进一步推动了市场流动性并降低了市场波动率。ETH 作为去中心化应用的核心，长期投资潜力依然巨大。

累购期权工具为投资者提供了在市场震荡期间以折扣价格逐步建仓的机会，适合在当前市场不确定性较高的情况下使用。投资者可以根据 BTC 和 ETH 的不同特性，灵活应用累购期权进行投资，从而在市场反弹时获取稳定收益。

更多精彩内容可查看 YouTube 内容回放：https://youtube.com/live/Czl0 LGpNzZk? feature=share 

关于 Matrixport 每周市场洞察 

【Matrixport 每周市场洞察】是由 Matrixport（矩阵之门）全新推出的互动型知识分享栏目，每周于Matrixport 官方 YouTube 频道直播。本栏目会定期邀请业内产品大佬，顶级分析师还有 KOL 做客，跟大家探讨不同行情下的投资逻辑，分享投资心得，助力用户实现资产增值。

立即订阅 Matrixport Youtube 频道，实时跟进最新市场动态。

免责声明：上述内容不构成对香港特别行政区、美国、新加坡以及法律可能禁止此类要约或要约邀请的其他国家或地区的居民的投资建议、销售要约或购买要约邀请。数字资产交易可能具有极大的风险和不稳定性。投资决策应在仔细考虑个人情况并咨询金融专业人士后做出。Matrixport 不对基于本内容所提供信息的任何投资决策负责。

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